According to Cap HPI, Used Car Values Fell 1.7% in December

According to Cap HPI, the average used car values decreased by 1.7% in December and was the weakest month for values sales since November 2017.

Showing the strongest average performance, electric vehicles values rose 0.3% at 3 years and 60,000 miles.

Tesla and BMW models struggled to achieve cap clean prices however, Renault Zoe, Nissan Leaf and Nissan e-NV200 continued to be in demand.

Derren Martin, head of UK valuations at Cap HPI said “The pattern continues for the more affordable electric cars to be sought after, whereas at the higher end finding buyers is more difficult.

The first month of 2019 is predicted to be stable for used values with prices unlikely to increase.

“2018 proved to be the year of the used car. Demand and prices held firm through the year, and many franchised dealers joined independents and car supermarkets in increasing their activity in the used arena. The trend looks set to continue into 2019,” added Martin.